When trading this market look for shorting opportunities.
Some stocks might have bad results might double top or form lower tops.
Just make sure you are on the right side of the mob.
13/21 ema
Only short stocks which are below these.
Remember while nifty might make a new high and touch 4440 once 4260 is crossed, there will be stocks that will not be able to tag along for the ride.
Check out icicibank unfilled gap down.
Might have had bad results or something
sbi is holding 13 ema so maybe long sbi short icici??
hdfc looks like its holding inv hns breakout + 1660-1670 area
can try long on that
I had a crazy vision earlier, posted it a week ago. Bulls/Bears in a battle but there were some bigger entities , the ones i call the titans. Operators, fiis , mfs whatever you want to call them. Big guys are out there with lots of cash. some big moves are brewing and since all the money will pile into very few counters the moves in the counters that do move will be obscene both on the upside and downside.
rcom above 448 might head for 484-515-600, 5-8% moves at a time roughly.
indhotel is showing weakness, below 144 will continue weak , keep an eye on it.
I would suggest to only go short in a bull market if you are also long on something. Otherwise the reward might not justify the risk.
Monday, April 30, 2007
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1 comment:
Good write up , big cash will drive market and we have to be with strict stopp loss for both longs and short. GBN and IOL broadband looks good keep watch on it
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